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According to localcollegeexplorer, the history of Romania dates back to the ancient times when it was inhabited by various Thracian tribes. It was later conquered by the Roman Empire and became an important province known as Dacia. In the Middle Ages, Romania was divided into principalities which were later unified in 1859 to form the modern state of Romania. Following World War I, Romania experienced a period of political turmoil and civil unrest which eventually led to a military dictatorship in 1938. During World War II, Romania sided with Nazi Germany and as a result, it was occupied by Soviet forces at the end of the war. The communist regime lasted until 1989 when a revolution overthrew it and established a democratic government. Since then, Romania has been slowly transitioning towards democracy and has made significant progress in terms of economic development and political stability. It is now an active member of several international organizations such as NATO, the United Nations (UN), and the European Union (EU). The country also joined the Schengen Area in 2011 which enabled free movement of people within Europe. Despite this progress, there are still some issues that need to be addressed such as corruption and poverty. In recent years, however, there have been some positive developments such as increased foreign investment in infrastructure projects which have helped boost economic growth. Overall, Romania is now considered one of the most stable countries in Eastern Europe with a bright future ahead of it. In 2010, Romania was a southeastern European country located between the Black Sea and the Carpathian Mountains. It had a total population of around 22 million people, with an estimated 89% of its population being ethnic Romanians. Romania was known for its rich culture and history, as well as its vibrant cities such as Bucharest and Cluj-Napoca. The Romanian economy in 2010 was largely based on industry and services, with agriculture playing a lesser role. The country had experienced some economic growth over the previous decade due to increased foreign investment and economic reforms. Despite this growth, Romania still faced challenges such as high unemployment rates, poverty and corruption in 2010. In terms of foreign policy, Romania maintained strong relationships with other nations in the region and around the world. It was also active in international organizations such as the European Union (EU) in order to promote peace and security. All in all, Romania in 2010 was a country with potential but many challenges ahead of it on its journey towards true prosperity for its people. Check extrareference for Romania in 2007.

Romania Market Opportunities

Romania Market Opportunities

In 2020, there was a 3.9% decrease in GDP compared to 2019, and in nominal terms it was €222 billion. In the last quarter of 2020, Romania recorded the lowest quarterly GDP decline among European Union member states (-4.8%), which led, for example, the International Monetary Fund to upgrade Romania’s outlook for 2021. The Romanian government expects nominal GDP growth of 4.3% for 2021. Romania’s budget deficit increased by RON 12.26 billion (EUR 2.62 billion, i.e. 1.14% of annual GDP)…

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Romania Guide

Romania Guide

Romania – country information Country name Romania Official name Romania Capital Bucharest Continent Europe Area 238,391 km2 Population 20,121,641 (2011) Foundation of a state 5/9/1877 The highest mountains Moldoveanu 2,543 m Longest rivers Dunarea (Danube) 2850 km (in the country 1065 km), Prut (part) 909 km, Oltul 803 km State system a pluralist republic with a bicameral parliament The biggest cities Bucharest (capital) 2,060,000, Brasov 360,000, Constanta 350,000 Official language Romanian Ethnicity/National Composition Romanians 89.5%, Hungarians 7%, Gypsies 1.8%, Germans…

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